We all need money, but then how much money is really enough for you? Money is a fundamental need and we all know it. Further, we all want a lot of it and we are always on the look out for ways, methods and advice by which we can earn more.

How much is that “more”? Have you ever asked yourself that question? How much is it that will satisfy you? Beyond a certain point, any amount does not really matter. If you are satisfied with R 5 crore then the amount of pleasure you derive from having R 20 crore is really no different.

In economics this is known as the theory of diminishing marginal utility. You may be really excited to make your first million, more exited to have R 5 million as your networth and excitement for you may climax at R 40 million or R 4 crore. Thereafter, for each additional million the excitement reduces and perhaps beyond R 5 crore it hardly makes a difference. Numbers are purely for purpose of illustration. Facts may differ from one individual to another.

So, the point I am trying to convey is that there is only one Bill Gates or Richard Branson or LN Mittal in the world and everyone may not be as lucky to have the same fortune however secretly we, in our sub-conscious, keep telling ourselves, ‘I wish if it were me’.

The point I am trying to convey is that if you really think hard your probably need much less, perhaps a fraction of what is really owned by these legends. You don’t need to worry and feel bad if you don’t have the mansions, the private jets or the fleet of Mercedes — perhaps you may not really need it.

Let’s put it another way. Say if I gave you R 5 crore, what would you do? Make a list. How would you spend it? Now… do this exercise and do it very seriously without going ahead.

Perhaps that was easy. Now what if I gave you R 10 crore? Perhaps you managed to make a list again or enhance your existing list. Now how about R 50 crore? The more the amount rises beyond a certain point, we tend to run out of options. Unless, of course, you have desires to set up petrochemical plants! But all of us don’t want to